Macquarie, JP Morgan Analysts Examine Upcoming OPEC Meeting
Macquarie and J.P. Morgan take a look at the upcoming OPEC+ meeting on June 1.
African Energy Chamber Backs Multinationals after Paris Protest
The African Energy Chamber slammed Friends of the Earth for purportedly disrupting a forum recently held in Paris to promote energy investment in Africa.
Sable Offshore Falls to Deeper Loss
Sable Offshore saw its net loss deepened for the first quarter to $180.1 million.
Russia Temporarily Allows Gasoline Export after Domestic Restocking
Russia temporarily lifted its ban on gasoline exports to avoid overstocking at refineries as domestic supplies have met demand.
Oil Falls as Volatility Reaches 2019 Lows
Even with big events happening in the Middle East, oil trading has been relatively lackluster as volatility seeps out of the market.
Saipem Bags Subsea Contract for Ndungu Field in Angola
Azule Energy awarded Saipem engineering works for the Ndungu field offshore Angola, in a contract worth $850 million.
Aramco Inks 3 MoUs for Low Carbon Solutions with USA Firms
'Innovative technologies deployed at scale can help reduce the costs of reducing carbon emissions'.
Seadrill to Sell 3 Rigs, Exit JV in Qatar
'Our divestiture of the Qatar Jack-Up Fleet and exit from the joint venture are consistent with our ongoing efforts to strengthen and simplify our business'.
Pieridea Shuts In Ekwan Field in BC due to Wildfires
Ekwan production will remain shut-in until it is safe to restart and necessary third-party infrastructure has returned to service.
Libya Hydrocarbon Output Set to Grow to 1.5MMbpd by 2026: IMF Mission
'Libya's short- and medium-term economic outlook is dominated by the dynamics of hydrocarbon production'.
Eni Gets $210MM Funding to Grow Biofuels Production in Kenya
Eni secured $210 million in financing from the Italian government and the World Bank to grow its production of mainly oilseed-based biofuels in Kenya.
Seatrium Scores FPSO Jaguar Job
Seatrium secured a contract from a subsidiary of SBM Offshore for the topside fabrication and integration of an FPSO vessel.
Strathcona Posts Steady Performance for Quarter
Heavy oil volumes in inventory increased for the second consecutive quarter.
Dozens of Russian Oil Tankers Stranded amid US Sanctions
Dozens of Russian tankers remain stuck doing nothing months after being sanctioned by the U.S. Treasury Department.
North America Keeps Losing Rigs
The total North America rig count is down 87 compared to year ago levels.
ADNOC Buys Stake in NextDecade's LNG Project in First USA M&A
ADNOC has been looking for assets across the world as it seeks to expand its reach and access new markets.
Rystad Warns Alberta Wildfires May Put Over 2MM Barrels Per Day at Risk
Fire MWF017 is classified as out of control at 19,493 hectares.
Chevron Comments on UK North Sea Sale Process
'A portfolio review has been completed and a decision has been taken,' a Chevron spokesperson told Rigzone.
Iran President Killed in Helicopter Crash
Iranian President Ebrahim Raisi has been killed in a helicopter crash in a mountainous area of the country.
Foreign Oil Firms in Venezuela Scramble for US Licenses Ahead of Deadline
Oil firms that want to stay in Venezuela are flooding the U.S. Treasury's Office of Foreign Assets Control with applications for permits after Washington reimposed sanctions last month.
